topic Re: Freezing my CR Question in General Credit Topics

Freezing my CR Question

juniornj23 — Fri, 31 Jul 2015 15:11:30 GMT

So I want to freeze my CR so I don't get any more HP lol I know I just don't need to app more. So my question is if I freeze my CR and CLI come do CC company will able to get it as SP like
Capital one they usually gave you a CLI every 6 moths

Re: Freezing my CR Question

Anonymous — Fri, 31 Jul 2015 16:42:10 GMT

Yes, they will be able to do a soft pull with the report frozen.

Re: Freezing my CR Question

Anonymous — Fri, 31 Jul 2015 16:43:41 GMT

I think you have to freeze each of the bureaus individually. So if you freeze TU, others will still allow you to HP.

Re: Freezing my CR Question

juniornj23 — Fri, 31 Jul 2015 17:07:16 GMT

Thank you I already have more than 10 HP is garden time

Re: Freezing my CR Question

Anonymous — Fri, 31 Jul 2015 17:25:53 GMT

I believe each CB has a fee they require to do this as well, to about the tune of $15 each, and you have to pay it again when you un-freeze.

Is it worth $45-90 to you?

Freezing reports is typically something done when fraud is expected or detected.

Re: Freezing my CR Question

juniornj23 — Fri, 31 Jul 2015 17:45:22 GMT

Last year I call TU because fraud and they freeze for free

Re: Freezing my CR Question

Anonymous — Fri, 31 Jul 2015 17:52:26 GMT

@juniornj23 wrote:
Last year I call TU because fraud and they freeze for free

I do believe that is the exception, but my understanding was that you had to make a formal fraud claim.

What information did they require when you claimed fraud?

Re: Freezing my CR Question

Ghoshida — Sun, 02 Aug 2015 10:34:23 GMT

In general, freezing costs $10 per bureau; but you could get it free in some states anyway and everywhere if you are a victim of fraud.

Once reports are frozen, all of your major current banks will be able to SP for account review and CLIs. If the bank has a policy of HP for CLI they will ask you to remove the freeze. I guess either Comenity or Synchrony asks to remove freeze even for SP. But I guess they are the only ones.

The freeze is an effective way of staying in the garden. The cost of temporary lifting is generally the same as putting the freeze. The cost and effort create an effective barrier for frivolous apps. That way, you could hit "apply now" button after a couple of glasses but wake up in the morning with no regrets.